Being a parent is one of the most rewarding and challenging things in life. You will never be so happy or sad because of another human being. Being parent is quite different today from what it was a few decades ago. Today the demands on time, money and jobs are much more than what they used to be and parents are finding it more and more difficult to juggle all the balls.
When it comes to the financial aspect of parenting, it is quite costly. There are many routine expenses as well as those unexpected ones which burn a hole through your wallet. This is because most parents are not prepared for those emergencies that pop up out of nowhere. Emergencies may seem different from parent to parent. For some parents, cost of teeth implants in India might be a routine expense while for some others, it may be a surprise expense. Here are some of the most common expenses that every parent should be ready for.
Among the unexpected expenses when it comes to children, healthcare tops the list. These healthcare expenses are something that many parents do not account for, which is why they take them by surprise. The thing to remember is that children are very fragile and are extremely susceptible to illnesses. Therefore it makes sense to keep a margin from your income for those emergency hospital visits, cost of teeth implants and the many others. A good place to start would be your child’s previous year’s medical bills. These will give you a fair idea on how much you will have to pay this year. The older your child gets, the lesser will be these expenses.
By this we do not mean the usual expenses such as school tuition fees and fees for those extracurricular activities. By this we mean those donations you get roped into or those bake sales for which you have to bake thousand and one cookies. There are many such expenses that are out of the norm but which are mandatory when it comes to a schooling child. You cannot exactly say no to these expenses either. So the best thing to do would be to allocate some funds for such expenses. Do not flat out refuse these expenses as it might bring down your child’s morale.
Last, but not the least there are those results of tantrums that you have to absorb. For example, a trip to the dentist might require you to buy a ridiculously high priced treat. Sometimes these expenses are required for your sanity as well. Therefore, it is always best to be prepared rather than be sorry later.